Stalking a local Desert City Agent in the summer
Summer Sales in the Desert Cities of the Coachella Valley, are much different than many Sellers may think, according to local real estate agent, Kim Kelly. Living in the desert year round and working as a local real estate agent, gives you a unique perspective on Summer Sales here in the desert. There are fewer showings, true, but the season no longer ends after the Coachella Music Festivals leave town. Palm Springs Life has kindly gathered market statistics for the desert cities of Indian Wells, La Quinta, Palm Desert, Palm Springs and Rancho Mirage. These are our largest desert cities, so remember that our summer sales in Cat City, Indio, Coachella and Thermal are not even considered..and there are summer sales in all those cities as well! To schedule your tour of any Desert Cities homes, give Kim Kelly a call at 760-285-3578.
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The Indian Wells Club for Indian Wells residents
Indian Wells Market Overview: On July 14, 1967, the city incorporated and became the county’s 16th city, Kimberley Kelly, desert Realtor states. The City has always had a small population, 5,137 residents, which makes Indian Wells the desert’s smallest city. But…it also has the highest medium household Income at approx. $100,742, with a medium age of 68. One of our most centrally located cities, it has on average, our highest priced homes as well. Indian Wells is known throughout the Coachella Valley as providing it’s residents with some of the best RESIDENT PERKS, of any of our local cities. If you’re interested in touring some of the homes for sale in Indian Wells, give Kim Kelly a call at 760-285-3578.
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La Quinta; Real Estate Inventory has increased!
Desert Real Estate Inventory is UP; Local Market Update. Standing Inventory in our Coachella Valley Real Estate market has zoomed up since December, 2015 states Kim Kelly, Coachella Valley Real Estate Agent. According to HK Lane Brokerage Market Updates, Standing Inventory in February 2016 was approximately 6,800 units! This number includes both Single Family Residences and Condos. That’s approx. 2,000 MORE HOMES than 1 year ago. What does this mean for Local Sellers? How about Foreign Sellers? Are Buyers’ capitalizing on these numbers? Give Kim Kelly a call at 760-285-3578 for your personal consultation.
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55775 Pebblebeach at PGA West, La Quinta, CA.
The Stadium Course at PGA West in La Quinta, California, is the site of this spectacular Custom Home! Kim Kelly, Coachella Valley Realtor, says this incredible property will be Available to tour after the Music Festivals, This Lake front property is as unique as it is functional. Offering approx. 4,600 sf., 3 bedrooms/4 bathrooms in the main home, PLUS very large detached Casita with kitchenette. A circular driveway and a triple car garage provide plenty of off street parking for your guests, and when they pass through the custom, wood carved entry gate into the beautiful courtyard, they’ll feel like they’re truly on vacation. Call Kim Kelly, Coachella Valley Realtor, to set up your personal tour..760-285-3578.
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Our Desert real estate market shifts to a buyers’ Market..
Is this a Buyers Market? Here in the Coachella Valley, which translates to our 9 desert cities, it sure does appear that the tables have turned! The past few seasons have definitely been a Sellers’ Market, but as our season progresses, it appears to be a buyers’ market. Palm Springs on the West side of the Valley is still seeing some strong sales this past quarter, but even there, things are cooling off. Price/sf. has stopped climbing up, up, up, and seems to be moving laterally now. What is causing the change to a buyers’ market in our Real Estate Market?? Kim Kelly’s perspective is that there has been a perfect storm beginning in January of this year. First off, we are in an election year..no matter why, but elections always cause people to shy away from making any decisions they don’t absolutely HAVE to! The plunge in the oil market, the corresponding drop in our stock market, coupled with the rocky Asian Stock Market, and top that off with the decline in the Canadian Dollar!
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Indian Wells in central Coachella Valley
Indian Wells Country Club offers Coachella Valley buyers many options, from Condos, to mid-century modern to new construction! Indian Wells is one of our most centrally located desert cities, perhaps the wealthiest, and also one of the most perk generous for it’s residents. Located in the middle of the Desert floor, with La Quinta on it’s Eastern border, and Palm Desert on it’s Western border, the Indian Wells Country Club, is friendly and welcoming. Year round residents, vacation home owners, part-timers, or Locals that just like to visit, are all welcome. If you’re interested in a tour of Indian Wells real estate options, give Kim Kelly a call at 760-285-3578.
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Coachella Music Festivals Fall Events???
The Coachella Music Festivals in Indio, California look very likely to add a few more Fall events to their Festival schedule. Fall events could help our Coachella Valley expand the tourism season a few more months, and attract even more visitors to the Valley. Because I sell Condos, Homes, and Farms, which are often used as Luxury Lease properties during the Festival times, this makes even more sense to Buyers! If you are thinking about purchasing an Investment property, that could be used as a Lease property during the Festivals, give me a call at 760-285-3578.
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Moving to close; Short Sale at PGA West in La Quinta
Another Short Sale moving to close! As with most businesses, experience DOES count! An experienced Short Sale Agent is imperative to a successful transaction. Many banks now demand Certification by your agent as well, and I am certified in both SFR (National association of Realtors certification), as well as HAFA, (Gov. Short Sale Program). This beautiful Masters home at PGA West has two notes with Chase. Listed at $1,556,000 and with a solid offer within 21 days, Chase has now accepted the offer, and we are moving along to CLOSE! If you are feeling like you may need to get out of your mortgage, or just want to explore the Short Sale guidelines of your personal situation, give me a call for your FREE CONSULTATION at 760-285-3578.
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One of the prettiest streets in the desert..Avenue 49.
Avenue 49 in Indio, California is an Investor’s heaven! No, there are not neighborhoods ripe with distressed properties where you can “fix and flip.” Mostly, those days are over. However, what IS located on the most beautiful street in Indio, are great homes in gated communities. You get tremendous bang for your buck at these neighborhoods, whether you are looking for a year round property, or a secondary property. Indio, California has seen a boon since the Coachella Music Festival began it’s reign as the Number 1 Music Festival in the world. If you are considering a property in Indio that would make a great Luxury Lease opportunity, give me a call so we can tour some possibilities. 760-285-3578.
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Tally Ranch, a private party Venue in La Quinta, CA.
Spectacular Event Venue Just Listed in La Quinta, California. This amazing 4 acre property in La Quinta is such a rare find. Exquisitely maintained, hand crafted on so many levels, and offering it’s new owner a myriad of use options. 55075 Monroe St., La Quinta, is better known as TALLY RANCH. Located right off of Monroe St., approx. 2 miles from the Coachella Music Festival grounds at the Indio Polo Fields, the property is gated and private. Upon entering the custom designed Iron gates, you will believe you are on the grounds of an Italian country Farm. This magical Estate is offered at only $3,999,000, and may be toured only by calling me at 760-285-3578.
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